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30-Jan-2024

Nelcast

OP up 75.34%

'For the quarter ending Dec 2023, consolidated Net sales (including other operating income) of Nelcast has declined 2.04% to Rs 320.36 crore compared to quarter ended Dec 2022. Operating profit margin has jumped from 4.46% to 7.99%, leading to 75.34% rise in operating profit to Rs 25.60 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.21% to 45.52%.   Employee cost increased from 5.43% to 5.66%.   Other expenses rose from 39.86% to 41.33%.   Power and Oil fuel cost fell from 10.37% to 10.09%.   

Other income fell 60.90% to Rs 2.62 crore.  PBIDT rose 32.49% to Rs 28.22 crore.  Provision for interest fell 1.85% to Rs 7.94 crore.  

PBDT rose 53.52% to Rs 20.28 crore.  Provision for depreciation rose 5.26% to Rs 6.4 crore.  

Profit before tax grew 94.67% to Rs 13.88 crore.  Share of profit/loss were nil...



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